While he was the managing director of Reliance Finance Ltd, a non-bank financial institution, Proshanta Kumar Halder made his relatives directors of three other leasing companies to swindle money. Together, they misappropriated Tk 3,000 crore of depositors, finds the Anti-Corruption Commission in its enquiry.

"The money was transferred to 83 accounts ... ," said an ACC official, preferring to be unnamed, adding that the accounts belong to companies and people that exist only on paper.

The anti-graft body yesterday froze the 83 accounts where Tk 3,000 crore had been transferred.

The three leasing companies in which his relatives were made directors are: People's Leasing and Financial Services, International Leasing and Financial Services Ltd, and FAS Finance and Investment Ltd.

Sources said the enquiry was on the final stage and a case would be filed soon against those involved in the corruption.

https://www.thedailystar.net/frontpage/news/ex-reliance-finance-md-embezzled-tk-3000cr-1944645